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Fidelity MSCI Energy ETF Shares Cross Key Moving Average

Fidelity MSCI Energy ETF (FENY) shares saw an upward shift, crossing above the 200-day moving average. This positive movement may signal investor confidence and could influence stock prices moving forward.

Date: 
AI Rating:   7

Positive Movement Indicated: The report details that shares of the Fidelity MSCI Energy Index ETF (FENY) have crossed above their 200-day moving average of $24.80, currently trading at $24.88, up about 1.3% on the day. This crossing above the moving average often indicates a bullish trend and can attract more investors, potentially driving up the stock price further as it reflects market confidence.

52 Week Range: The report states FENY's 52-week low is $22.715 and the high is $27.11, with the current price being $24.82. This positioning within the range suggests relative strength and stability, likely appealing to both current and prospective investors.